IST:ULAS Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.11	0.02	33.25	4.02	17.81
Short-Term Investments	156.42	-	0	18.43	-
Cash & Short-Term Investments	156.53	0.02	33.25	22.44	17.81
Cash Growth	655494.38%	-99.93%	48.15%	25.99%	90.72%
Accounts Receivable	56.13	88.44	-	-	-
Other Receivables	1	48.74	315.68	0	0
Receivables	57.13	137.18	321.88	3.4	2.42
Prepaid Expenses	0.02	-	-	0.04	0.02
Other Current Assets	0.51	0	0.01	0	0.21
Total Current Assets	214.19	137.2	355.13	25.88	20.46
Property, Plant & Equipment	6.34	4.01	5.39	0.7	0.57
Other Intangible Assets	0.08	0.16	0.12	0.01	0.01
Long-Term Accounts Receivable	-	9.07	-	-	-
Other Long-Term Assets	442.25	442.25	317.63	115.98	56.61
Total Assets	662.86	592.69	695.29	142.57	77.65
Accounts Payable	0.71	78.66	0.05	0.05	0.01
Accrued Expenses	5.25	4.46	1.15	0.33	0.15
Short-Term Debt	0.25	0.02	-	0.01	0.02
Current Portion of Long-Term Debt	-	-	-	-	0.07
Current Income Taxes Payable	0.21	0.45	0.25	0.13	0.2
Current Unearned Revenue	9.1	9.81	9.03	3.98	2.88
Other Current Liabilities	173.17	4.5	313.94	0.01	0.01
Total Current Liabilities	188.69	97.9	324.42	4.51	3.34
Long-Term Unearned Revenue	-	9.81	18.06	12.03	11.34
Pension & Post-Retirement Benefits	-	0.1	0.04	0.43	0.24
Long-Term Deferred Tax Liabilities	31.89	64.37	43.24	10.06	4.44
Other Long-Term Liabilities	0.1	0.13	0.04	0.03	0.03
Total Liabilities	220.68	172.31	385.8	27.07	19.39
Common Stock	25.38	25.38	25.38	25.38	25.38
Additional Paid-In Capital	31.66	31.66	24.19	1.93	1.93
Retained Earnings	105.17	83.39	52.01	85.3	28.17
Comprehensive Income & Other	279.97	279.94	207.91	2.88	2.77
Shareholders' Equity	442.19	420.38	309.49	115.5	58.25
Total Liabilities & Equity	662.86	592.69	695.29	142.57	77.65
Total Debt	0.25	0.02	-	0.01	0.09
Net Cash (Debt)	156.28	0	33.25	22.43	17.72
Net Cash Growth	3585192.75%	-99.99%	48.25%	26.54%	99.78%
Net Cash Per Share	6.16	0.00	1.31	0.88	0.70
Filing Date Shares Outstanding	25.38	25.38	25.38	25.38	25.38
Total Common Shares Outstanding	25.38	25.38	25.38	25.38	25.38
Working Capital	25.5	39.3	30.72	21.37	17.12
Book Value Per Share	17.42	16.56	12.19	4.55	2.30
Tangible Book Value	442.11	420.21	309.36	115.49	58.24
Tangible Book Value Per Share	17.42	16.56	12.19	4.55	2.29
Land	0.43	0.43	0.35	0.08	0.02
Buildings	1.44	1.44	1.13	0.24	0.07
Machinery	15.49	11.31	13.8	1.39	1.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.